Infusion Pump Market is valued around USD 11050.1 Million in 2018 and expected to reach USD 17916.2 Million by 2025 with the CAGR of 6.3% over the forecast period. Increase in the prevalence of chronic disorders and advantages over conventional methods are the key drivers for Global Infusion Pump Market.
Infusion Pumps are external devices used to deliver medications, fluids and other nutrients in the patient’s body. It is mainly used in the treatment of chronic disease such as cancer and others for chemotherapy and others. It can be used intravenous, subcutaneous and arterial routes. These pumps help in delivering the accurate amount of fluid or medication to the patient. Type of device and administration route of medication is totally depends on patient condition. So, during the study of Global infusion pump market, we have considered Product type and application to analyze the market.
Global infusion pump market report is segmented on the basis of product type, application and end use and by regional & country level. Based upon product type, global infusion pump market is classified as ambulatory infusion pumps, implantable infusion pumps, syringe pumps, volumetric pumps and infusion disposable sets. Based upon application, global infusion pump Market is classified as chemotherapy, pediatrics, pain management, gastroenterology, hematology and diabetes. Based upon end-users, global infusion pump market is classified as hospitals, ambulatory surgical centers and home care settings.
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The regions covered in this infusion pump market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Infusion pump is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Infusion Pump Market Reports–
Global infusion pump market report covers prominent players like CareFusion Corporation, Hospira Inc, Baxter International, Inc., Smiths Medical, Fresenius Kabi AG, Medtronic, Inc, Terumo Corporation, Nipro Corporation, Braun Melsungen AG, Codman & Shurtleff, Inc. and others.
Increase in the Prevalence of Chronic Disease Coupled With Technological Advancement
The commercialization and growth of global infusion pump market over the past 25 years has been highly impactful. Increase in the prevalence of chronic disease such as cancer, Alzheimer disease and others coupled with pain management are the major factors driving the growth of infusion pumps market in the near future. As per Alzheimer’s Association report an estimated 5.7 million Americans of all ages are living with Alzheimer’s dementia in 2018 which includes an estimated 5.5 million people age 65 and older and approximately 200,000 individuals under age 65. Furthermore, increasing healthcare facilities and technology has given rise to the advanced and effective devices which led to the evolution of technologically advanced devices. There is a company called Cellnovo which has launched a wireless hand held infusion pump controlled by patches worn on the body. Moreover, increasing in the home healthcare trends in the industry has also increased the demand for infusion pumps. However, high cost associated with ambulatory implantable devices is expected to slow down the growth of infusion pumps treatment market.
North America is Expected to Dominate the Global Infusion Pump Market
North America dominates the market with highest market share due to the presence of well established healthcare facilities and favorable government policies. Europe is expected to be the second largest growing region over the forecast period due to various technological advancements, increased health awareness among people coupled with increased prevalence of chronic disease are expected to promote the growth of infusion pump market. Asia Pacific is the third largest and fastest growing region over the forecast period owing to the large population base, expansion of private-sector hospitals to rural areas and improving health insurance sector. Latin America, Middle East and Africa are expected to grow considerably over the forecast period.
Key Benefits for Global Infusion Pump Market Reports –
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
Infusion Pump Market Segmentation –
By Product Type (Ambulatory Infusion Pumps, Implantable Infusion Pumps, Syringe Pumps, Volumetric Pumps, Infusion Disposable Sets), By Application (Chemotherapy, Pediatrics, Pain Management, Gastroenterology, Hematology, Diabetes), By End-User (Hospitals, Ambulatory Surgical Centers, Home Care Settings)
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